Singapore dollar strengthened against its U.S. counterpart amid falling Treasury yields that may diminish the allure of U.S. fixed-income assets and demand for the greenback.
The Singapore dollar was steady against its U.S. counterpart ahead of the Monetary Authority of Singapore’s quarterly monetary-policy statement release due Friday.
Singapore’s central bank eased its monetary policy for the first time in nearly five years, saying economic growth is likely to slow this year and inflation will stay contained.
Singapore on Friday loosened its monetary policy for the first time since 2020, as it strives to boost growth. The Monetary Authority of Singapore said it would slightly reduce the slope of its ...